The European Union is actively combating anonymous crypto transactions. According to new regulations such as MiCA and updated AML (anti-money laundering) rules, privacy-oriented coins like Monero (XMR), Zcash (ZEC), and Dash (DASH) may face restrictions or even outright bans.
🔍 What does this mean for users?
Ban on anonymous transactions: Crypto asset service providers (CASPs) must verify users and block transactions related to coins that hide sender and receiver information.
Restrictions on self-custody wallets: Transfers between private wallets and exchanges will be under strict control, with mandatory identity checks for wallet owners.
Impact on exchanges: Platforms like Binance initially planned to exclude private coins in France, Italy, Spain, and Poland, but changed their stance after community feedback.
⚖️ Why is this important?
While the EU aims to prevent money laundering and terrorist financing, many argue that these measures infringe on financial privacy and may stifle innovation. Private coins have legitimate uses, and their regulation remains a hot topic.
📌 Key takeaway:
The EU is moving towards strict regulation of anonymous crypto assets. Users should stay informed and prepare for changes.
